De Lisle Partners LLP Increases Holdings in Garrett Motion Inc. (NYSE:GTX)

De Lisle Partners LLP increased its position in shares of Garrett Motion Inc. (NYSE:GTX) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 347,520 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. De Lisle Partners LLP owned 0.16% of Garrett Motion worth $2,838,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Covestor Ltd purchased a new position in Garrett Motion during the 3rd quarter valued at about $28,000. Quarry LP raised its position in shares of Garrett Motion by 54.8% during the 2nd quarter. Quarry LP now owns 5,170 shares of the company’s stock worth $44,000 after purchasing an additional 1,830 shares during the last quarter. Gladius Capital Management LP acquired a new position in shares of Garrett Motion during the 3rd quarter worth approximately $58,000. nVerses Capital LLC purchased a new stake in Garrett Motion in the 2nd quarter valued at approximately $67,000. Finally, Caprock Group LLC acquired a new stake in Garrett Motion during the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 86.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial restated a “buy” rating and issued a $12.00 price objective on shares of Garrett Motion in a research report on Friday, October 25th.

Insider Activity

In other Garrett Motion news, SVP Thierry Mabru sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $7.47, for a total value of $373,500.00. Following the sale, the senior vice president now directly owns 140,509 shares of the company’s stock, valued at approximately $1,049,602.23. This trade represents a 26.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

Garrett Motion Price Performance

Garrett Motion stock opened at $8.37 on Thursday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 8.21 and a beta of 1.17. Garrett Motion Inc. has a 12-month low of $7.13 and a 12-month high of $10.16. The firm’s 50-day moving average is $7.95 and its two-hundred day moving average is $8.38.

Garrett Motion (NYSE:GTX) last announced its earnings results on Thursday, October 24th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.06). Garrett Motion had a negative return on equity of 31.48% and a net margin of 6.54%. The firm had revenue of $826.00 million for the quarter, compared to analyst estimates of $854.00 million. During the same quarter last year, the business posted $0.23 EPS. As a group, analysts forecast that Garrett Motion Inc. will post 1.08 EPS for the current year.

Garrett Motion Profile

Garrett Motion Inc, together with its subsidiaries, designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors worldwide. The company offers cutting-edge technology for the mobility and industrial space, including light vehicles, commercial vehicles, and industrial applications.